New York, NY, May 23, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medical Sensors Market By Type (Biosensors, Temperature Sensors, Motion Sensors, Image Sensors, Flow Sensors, and Pressure Sensors), By Placement (Wearable Sensors, Wireless Sensors, and Implantable Sensors), By End-User (Hospitals, Clinics, Rehabilitation Centers, Home Care Settings, and Others), and By Application (Diagnostics, Monitoring, Therapeutics, and Wellness and Fitness): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global medical sensors market was valued at around USD 11.7 billion in 2018 and is expected to reach approximately USD 19.77 billion by 2025, at a CAGR of around 7.80% between 2019 and 2025.
Medical sensors are sensors used in the biomedical electronics sector to measure liquid-level, flow, pressure, etc. These sensors supporting different medical devices, such as anesthetic devices, respiratory systems, dialysis machines, spirometers, and video scopes. Medical sensors play a significant role in medical technology as they make medical equipment and devices more efficient, safer, and effective with simplified operations. The rapid developments witnessed in the medical equipment and devices industry and the increasing number of government initiatives are estimated to drive the global medical sensors market. The globally rising geriatric population requires additional medical care and assistance with advanced technologies and healthcare programs. This, in turn, is estimated to boost the global medical sensors market in the future.
Browse through 71 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Medical Sensors Market: Type, Application, Industry Size & Share, Analysis & Forecast, 2018–2025”.
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Based on type, the global medical sensors market includes image sensors, biosensors, motion sensors, temperature sensors, pressure sensors, and flow sensors. The growing use of pressure sensors in manufacturing respiratory and ventilator products is projected to drive the pressure sensors segment in the future. The rising trend of body-worn sensors in remote patient monitoring is anticipated to increase the demand for temperature medical sensors in the years ahead. Based on placement, the market includes wearable sensors, wireless sensors, and implantable sensors. The growing adoption of implantable and wearable sensors to improve patient health and healthcare outcomes through advanced healthcare management and tracking will fuel the implantable sensors segment growth. Based on end-user, the market includes hospitals, rehabilitation centers, home care settings, clinics, and others (diagnostic centers and ambulatory surgical centers).
Increasing investments in advanced technologies for hospitals and clinics and rising consumer spending on improved healthcare facilities are estimated to drive this segment over the forecast time period. Based on application, the global medical sensors market includes diagnostics, monitoring, therapeutics, and wellness and fitness. The rising number of diagnostic centers and growing consumer inclination toward wellness and fitness programs across the globe are projected to boost this segment’s growth in the upcoming years.
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By region, North America is estimated to register a considerable CAGR in the future in medical sensors market globally, owing to the increasing investments made in the medical sector and flourishing end-user industries in the region. Consumers are increasingly adopting advanced technologies for healthcare management and monitoring. The U.S. and Canada contribute major shares to the North American medical sensors market. Key companies operating in the market are highly focused on the development of innovative and customized sensor solutions that will meet the varying needs of the end-user industries.
The European medical sensors market is predicted to record substantial growth owing to the rising number of potential new market entrants. France, Germany, Italy, Russia, and the UK are the major contributors to the overall expansion of the European market. Additionally, the increasing preference for advanced technologies and equipment in various fields of the medical sector like diagnosis, monitoring, therapeutics, and wellness and fitness is also anticipated to propel this regional market.
Browse the full “Medical Sensors Market By Type (Biosensors, Temperature Sensors, Motion Sensors, Image Sensors, Flow Sensors, and Pressure Sensors), By Placement (Wearable Sensors, Wireless Sensors, and Implantable Sensors), By End-User (Hospitals, Clinics, Rehabilitation Centers, Home Care Settings, and Others), and By Application (Diagnostics, Monitoring, Therapeutics, and Wellness and Fitness): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/medical-sensors-market
The Asia Pacific medical sensors market is projected to register substantial growth over the forecasted time period due to the increasing demand from end-user segments and high emphasis on technological advancements. The growing middle-class population with high disposable income is also estimated to drive this regional market in the upcoming years. Developing economies like China and India and huge government investments made in building the advanced and fully-equipped hospitals and healthcare facilities to meet the needs of the ever-growing population with chronic, diabetic, and other diseases, will further drive the Asia Pacific market.
Latin America market for medical sensors is predicted to record a steady growth rate over the forecast time period, owing to the rising demand for cutting-edge healthcare devices and equipment in Mexico and Brazil. Government strategies to attain sustainable healthcare systems are also anticipated to drive the medical sensors market in the future.
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In the Middle East and Africa, the increasing number of clinics and hospitals, rising development activities, and increasing government initiatives and investments in the medical equipment and technology industry are projected to boost the medical sensors market in the years ahead. Moreover, the increased healthcare spending in the UAE and Saudi Arabia is predicted to offer lucrative growth opportunities for this regional market.
Some major players operating in the global medical sensors market are Texas Instruments, Denso Corporation, Sensata Technologies, Infineon Technologies, Bosch, Maxim Integrated, Delphi Automotive, STMicroelectronics N.V., CTS Corporation, Analog Devices, and Freescale.
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This report segments the global medical sensors market as follows:
Global Medical Sensors Market: Type Analysis
- Biosensors
- Temperature Sensors
- Motion Sensors
- Image Sensors
- Flow Sensors
- Pressure Sensors
Global Medical Sensors Market: Placement Analysis
- Wearable Sensors
- Wireless Sensors
- Implantable Sensors
Global Medical Sensors Market: Application Analysis
- Diagnostics
- Monitoring
- Therapeutics
- Wellness And Fitness
Global Medical Sensors Market: End-User Analysis
- Hospitals
- Clinics
- Rehabilitation Centers
- Home Care Settings
- Others (Diagnostic Centers And Ambulatory Surgical Centers)
Global Medical Sensors Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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